TheStreet.com president steps down

Jim Lonergan, the president and chief operating officer of business news web site TheStreet.com, will leave the company later this month amid shuffling of jobs among executives, according to a short story on the web site.

The story stated, “Jim Lonergan, the company’s president and chief operating officer, has decided to step down to pursue personal ‘entrepreneurial opportunities,’ the company said. Lonergan will leave the New York-based company Oct. 12.

“The company also said that effective Oct. 1, Erika Faust was appointed senior vice president of marketing, and effective Sept. 10, Kurt Tietjen was named senior vice president of operations.

“‘We’re pursuing a strategy of broadening the scope of our content and overall services,’ said Tom Clarke Jr., chairman and CEO of TheStreet.com. ‘The level of multimedia expansion taking place required us to bring in talent with a specific, expert skill set. Both Faust and Tietjen have extensive experience successfully guiding companies through business model transitions and into the next phase of development and profitability. This will be of tremendous value to TheStreet.com as we continue to transition to a marketing services-based revenue model while growing within an evolving industry landscape.'”

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